We look at current conditions in the district’s labor markets and trends affecting its workers, as well as topics related to healthy labor markets, such as workforce development and education.
Though the pandemic has put the spotlight on the issue of limited broadband access in some regions, the Federal Reserve System has been studying it for years. Recent analyses explore the relationship between broadband access and employment. Read More
Generally, a high job-access rate has a positive impact on employment; that is, in areas where jobs are easier to reach, employment rates are usually higher. But this isn’t true for the Cleveland metro area. In fact, we see the reverse: Neighborhoods with high rates of job access tend to have low employment rates, and neighborhoods with low rates of job access tend to have high employment rates. Read More
Is specializing in an industry the way to economic success or the road to economic challenges for rural communities? It depends on the community’s resilience. Read More
We compare two types of models used to predict the spread of the coronavirus, both of which have been used by government officials and agencies. We describe the nature of the difference between the two approaches and their advantages and limitations. We compare examples of each type of model—the University of Washington IHME or “Murray” model, which follows a curve-fitting approach, and the Ohio State University model, which follows a structural approach. Read More
Communities know what improvements they need, but many lack resources or infrastructure to act. This policy tool, and an example of where it is working, can help communities put solutions into action. Read More